Starbucks Co. (NASDAQ:SBUX) Receives Consensus Rating of “Moderate Buy” from Brokerages

Starbucks Co. (NASDAQ:SBUX) has earned an average recommendation of “Moderate Buy” from the twenty-seven brokerages that are currently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $105.75.

A number of brokerages have recently issued reports on SBUX. Wells Fargo & Company lifted their price objective on shares of Starbucks from $115.00 to $125.00 and gave the company an “overweight” rating in a report on Tuesday, February 25th. Barclays lifted their price objective on shares of Starbucks from $119.00 to $124.00 and gave the company an “overweight” rating in a report on Wednesday, January 29th. BMO Capital Markets lifted their price objective on shares of Starbucks from $110.00 to $115.00 and gave the company an “outperform” rating in a report on Wednesday, January 29th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $115.00 price objective on shares of Starbucks in a research report on Friday, January 24th. Finally, Stifel Nicolaus increased their target price on shares of Starbucks from $110.00 to $114.00 and gave the company a “buy” rating in a research report on Monday, January 27th.

Starbucks Trading Up 2.2 %

SBUX opened at $98.11 on Monday. Starbucks has a 1-year low of $71.55 and a 1-year high of $117.46. The company has a market cap of $111.44 billion, a P/E ratio of 31.65, a price-to-earnings-growth ratio of 3.59 and a beta of 0.99. The company has a fifty day moving average price of $104.82 and a two-hundred day moving average price of $99.25.

Starbucks (NASDAQ:SBUX) last issued its quarterly earnings data on Tuesday, January 28th. The coffee company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.01. Starbucks had a net margin of 9.73% and a negative return on equity of 44.97%. During the same quarter in the previous year, the company earned $0.90 earnings per share. On average, research analysts forecast that Starbucks will post 2.99 EPS for the current fiscal year.

Institutional Trading of Starbucks

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Financial Life Planners bought a new position in shares of Starbucks during the 4th quarter valued at $25,000. University of Texas Texas AM Investment Management Co. bought a new position in shares of Starbucks during the 4th quarter valued at $25,000. Graney & King LLC bought a new position in shares of Starbucks during the 4th quarter valued at $26,000. Collier Financial bought a new position in shares of Starbucks during the 4th quarter valued at $27,000. Finally, Runnymede Capital Advisors Inc. bought a new position in shares of Starbucks during the 4th quarter valued at $27,000. Hedge funds and other institutional investors own 72.29% of the company’s stock.

About Starbucks

Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of coffee worldwide. The company operates through three segments: North America, International, and Channel Development. Its stores offer coffee and tea beverages, roasted whole beans and ground coffees, single serve products, and ready-to-drink beverages; and various food products, such as pastries, breakfast sandwiches, and lunch items.